Sierra Metals (NYSEAMERICAN:SMTS) Shares Down 5% – Here’s What Happened

Sierra Metals Inc. (NYSEAMERICAN:SMTSGet Free Report)’s share price dropped 5% during mid-day trading on Monday . The stock traded as low as $0.20 and last traded at $0.20. Approximately 625,400 shares traded hands during trading, an increase of 51% from the average daily volume of 413,899 shares. The stock had previously closed at $0.21.

Sierra Metals Stock Performance

The company has a debt-to-equity ratio of 0.29, a current ratio of 0.93 and a quick ratio of 0.64. The company has a market capitalization of $32.70 million, a P/E ratio of -0.60 and a beta of 1.05.

About Sierra Metals

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Sierra Metals Inc, together with its subsidiaries, focuses on the production, exploration, and development of precious and base metals in Peru and Mexico. It primarily focuses on exploration of silver, copper, lead, zinc, and gold deposits. The company's flagship property is the 81.84% owned polymetallic Yauricocha Mine covering an area of 18,778 hectares located in the Yauyos province in Peru.

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